BVI companies have become popular due to their zero tax rate policy, high privacy protection, flexible legal framework, and asset isolation advantages.
People from Hong Kong and Macau need to obtain approval from the Investment Commission as foreign investors to set up a company in Taiwan, with a recommended capital of at least 500,000 TWD, and choose...
Self-employed individuals need to clarify their identity for salary tax or profits tax, properly record business income and expenses to apply for deductions, and pay attention to reporting deadlines...
It is the legal responsibility of employers to assist employees with tax filing, and they must submit the BIR56A summary and IR56B individual salary reports on time...
The liquidation of a Hong Kong limited company is a legal process to repay debts through asset sales and end business operations, mainly divided into shareholder or creditor...
The deregistration of a Hong Kong company applies to limited companies that are no longer operating and have no debts, achieved through shareholder consent, settling all liabilities, and obtaining tax...
![Cancellation of Business Registration] Procedures for Winding Up a Limited/Unlimited Company, Conditions for Deregistration of a Company in One Article](https://setuphk.com/wp-content/uploads/2025/05/cancellation-of-business-registration-0-768x485.webp)
When ending business operations, both limited and unlimited companies need to cancel their business registration; failure to do so may result in fines. This article...
Every May during the tax season, taxpayers will gradually receive the tax return form commonly known as the "green bomb," such as for those who usually reside in Hong Kong and are over 55...
In addition to paying taxes when starting a company, an annual return form NAR1 must also be submitted each year. What exactly is an annual return form? The...
Hong Kong profits tax adopts a two-tier tax rate system, and businesses should report annually and legally reduce taxes through strategies such as deducting business expenses and depreciation allowances...
